Payroll Services in Connecticut
Revenue benchmarks for payroll services businesses operating in Connecticut.
#25 of 50 states-43.8% vs national avg
Average Revenue
$4.8M
per year
Businesses
43
in Connecticut
Revenue / Employee
$242K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.2
firms per 100K in CT
Total Revenue
$206.3M
all firms in CT
Total Employees
854
in CT
How Connecticut Compares
National Average$8.5M
Connecticut$4.8M
Difference$3.7M (-43.8%)